Report: Spurs set for substantial financial windfall as PL line up TV deal
Football.London have revealed that Tottenham Hotspur and the 19 other Premier League clubs are set for a significant financial windfall as a result of the developing bidding war for TV rights in the United States. Three of the US’s biggest TV networks are said to be engulfed in a bidding war for the right to […]
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Football.London have revealed that Tottenham Hotspur and the 19 other Premier League clubs are set for a significant financial windfall as a result of the developing bidding war for TV rights in the United States.
Three of the US’s biggest TV networks are said to be engulfed in a bidding war for the right to broadcast Premier League matches from the 2021/22 season onward.
ESPN, CBS and the current broadcast partners NBC have all reportedly submitted bids, with each of their proposals outlined to clubs in a shareholder’s meeting on Thursday. It is revealed that the second round of bidding is open until Monday.
The value of the deal is expected to rise a whopping 50% in comparison with the 2016-2022 cycle, which NBC won with a £1bn bid.
According to The Times, the new deal for the US TV rights could see the total overseas broadcast revenue climb to more than £4bn.
It is explained that a £1.1bn agreement would see each Premier League club make an additional £9m in broadcast revenue per season.
Spurs Web Opinion
This again outlines the financially strong position the Premier League is in, in comparison to the other major leagues in Europe. That is what makes the top six clubs’ decision to sign up for the Super League even more puzzling.
However, with the broadcast revenue continuing to grow substantially, one would expect the top six clubs to become increasingly resentful of the revenue distribution model.
Since they are the ones who bring in the most viewership, they would argue that they deserve a bigger portion of the pie.
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